Remuneration
- It is not a one time commission on a sale made by you.
- It provides you the royalty income through out the term of policy.
- As long as policy holder pays the Premium you will get the commission.
- Moreover this commission is hereditary i.e. it will be paid to your nominees even after your death.
- The remuneration will be paid to you in the form of Commission as percentage of premium collected through the policies sold by you.
Commission Structure
- First year Commission: 35% depending up on the type & term of the policy
- Bonus Commission: 40% of first year commission
- 2nd and 3rd year of policy: 7.50%
- 4th year onwards: 5%
- Example of Your Expected Commission for Next 5 years:
- As Years passes by your Renewal Commission keeps on increasing there by assuring you a pension for the next 20 to 25 years when you stop working or to your family on your death.
Gratuity
- Agents are entitled to get the gratuity at age 60 years after serving for minimum 15 years.
- At present the Maximum Gratuity amount payable is Rs.2,00,000/- depending up on the amount of renewal commission